Armstrong Fleming & Moore Inc Purchases New Position in Capital Group Municipal Income ETF $CGMU

Armstrong Fleming & Moore Inc purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 48,249 shares of the company’s stock, valued at approximately $1,288,000. Capital Group Municipal Income ETF makes up about 0.7% of Armstrong Fleming & Moore Inc’s investment portfolio, making the stock its 27th largest holding.

Several other large investors have also recently added to or reduced their stakes in CGMU. Valmark Advisers Inc. boosted its position in Capital Group Municipal Income ETF by 9.5% in the 2nd quarter. Valmark Advisers Inc. now owns 50,217 shares of the company’s stock valued at $1,340,000 after buying an additional 4,373 shares during the last quarter. Seamount Financial Group Inc. boosted its position in Capital Group Municipal Income ETF by 4.8% in the 2nd quarter. Seamount Financial Group Inc. now owns 12,699 shares of the company’s stock valued at $339,000 after buying an additional 576 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Capital Group Municipal Income ETF by 9.3% in the 2nd quarter. Belpointe Asset Management LLC now owns 44,802 shares of the company’s stock valued at $1,196,000 after buying an additional 3,800 shares during the last quarter. Confluence Wealth Services Inc. boosted its position in Capital Group Municipal Income ETF by 0.8% in the 2nd quarter. Confluence Wealth Services Inc. now owns 709,009 shares of the company’s stock valued at $18,923,000 after buying an additional 5,874 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in Capital Group Municipal Income ETF by 3.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 12,873 shares of the company’s stock valued at $344,000 after buying an additional 386 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $27.27 on Thursday. The firm has a 50-day moving average of $27.01 and a two-hundred day moving average of $26.74. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 3.2%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.